Thursday, August 14, 2008
Latest Report from the National Association of Realtors (US)
Real estate prices continued to post steep year-over-year declines during the three months ended June 30, according to a new report from the National Association of Realtors (NAR). Nationwide, the median single family, existing home price plunged 7.6% to $206,500 from $223,500 in the second quarter. The median price is one in which half of all homes sold for more and half sold for less.